Walker & Dunlop has facilitated a joint venture equity partnership and secured construction financing for a $132 million multifamily development project in Richmond, Virginia. The project is set to be located in the Scott’s Addition district, an area known for its rapid growth and redevelopment. The financial arrangement will support the development of a residential property aimed at addressing housing demand in the region.
The company structured both the equity partnership and construction loan to fund the large-scale project. The development will contribute to the ongoing transformation of Scott’s Addition, which has seen significant investment in recent years. Details regarding the specific terms of the financing or equity partnership were not disclosed. However, this initiative highlights continued interest in multifamily housing projects within urban districts experiencing revitalization efforts.
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